APT MotoVox Group Inc. (MTVX)

[BettingAngles]

Maybe, to the untrained eye, and those with limited Due Diligence resources. Thanks for the input though..

APT MOTOVOX GROUP:

We have strengthened our current balance sheet through the conversion of seasoned debt to equity, with the added impact of improved cash flow. This action provided the following benefits:

Nearly three million dollars of debt has been removed from the Q2 balance sheet.
Raised immediate cash for:
Development and launch of new SKUs for 2014 and new SKUs for early spring of 2015
The testing, development and presentation of fuel systems for marine applications
Fees for the PCAOB Audit
Cash flow during off season sale months
Securing lower cost production financing
Production capital for international orders

Key impacts of the restructured balance sheet are:

Between $600,000 to $800,000 annual savings in interest expenses
A stronger balance sheet with improved performance ratios

One can either believe them OR NOT..